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Renault-Nissan-Mitsubishi Alliance present united front
News
31st Jan 2020
2 min read

Renault-Nissan-Mitsubishi Alliance present united front

The Renault-Nissan-Mitsubishi Alliance has outlined the basics of a plan to “reinforce its business model” after a year beset with internal and external strife following the ousting and arrest of chief Carlos Ghosn. It was ratified at an alliance of the operating board in Yokohama this week.
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Mike Costello
Renault planning Volkswagen ID.3 rival – report
News
12th Oct 2019
2 min read

Renault planning Volkswagen ID.3 rival – report

The Renault Zoe may get a big sister. Automotive News reports Renault is working on a new electric vehicle that would sit atop the Zoe and rival the new Volkswagen ID.3. While the Volkswagen Group has mapped out a sprawling family of electric vehicles, the Renault-Nissan-Mitsubishi Alliance – despite having had a significant head start in EV production ­– is only now plotting out rivals for the upcoming EVs from its German competitor.
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William Stopford
Nissan, Carlos Ghosn fined by US authorities for hiding pay
News
23rd Sep 2019
1 min read

Nissan, Carlos Ghosn fined by US authorities for hiding pay

They might have come to the fore in 2018, but the US SEC says Nissan's financial troubles began in 2004 when it granted Carlos Ghosn, its then-CEO, the authority to set executive compensation – including his own. The commission believes between 2009 and his arrest in 2018, Ghosn "with substantial assistance from [director Greg] Kelly and subordinates at Nissan" hid US$90 million ($133 million) in pay from official filings, and increase Ghosn's retirement bonus by US$50 million ($74 million).
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Derek Fung
Departments overseeing Nissan and Renault cooperation being axed - report
News
20th Jun 2019
1 min read

Departments overseeing Nissan and Renault cooperation being axed - report

Departments overseeing cooperation between Nissan and Renault are reportedly losing staff, or have nothing to do. Sources have told the Financial Times the departments within the Renault-Nissan-Mitsubishi Alliance overseeing cooperation and joint functions are either being axed completely, or have gone without work assignments for months. The alliance departments overseeing sales and marketing, communications, and light commercial vehicles are said to be shrinking and dismissing staff.
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Derek Fung
Nissan sees no 'negative aspect' to Renault and FCA's merger
News
30th May 2019
2 min read

Nissan sees no 'negative aspect' to Renault and FCA's merger

Nissan has reportedly rebuffed plans to merge with Renault, but the Japanese automaker is unlikely to oppose the proposed merger between Fiat Chrysler (FCA) and Renault. "Overall, we don't see any particularly negative aspect," Hiroto Saikawa, Nissan CEO, told reporters (including those from Reuters) after a meeting of the Renault-Nissan-Mitsubishi Alliance board.
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Derek Fung